The Treasury Department auctioned $21 billion of 9-year 10-month notes with a 1 5/8% coupon at a 1.863% high yield, a price of 97.869127.
The bid-to-cover ratio was 2.83.
Tenders at the high yield were allotted 12.48%. All competitive tenders at lower yields were accepted in full.
The median yield was 1.820%. The low yield was 1.757%.
Tenders totaled $59,525,535,300 and the Treasury accepted $21,000,005,700 including $8,835,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
The notes, which are dated Nov. 15, 2012, will mature Nov. 15, 2022.
